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MARKETING 101 COLORADO SPRINGS  EXECUTIVE WOMEN INTERNATIONAL Feb. 9th, 2011 5:30pm Patty Jewett Golf Course 900 E. Espanola St. Colorado Springs, CO 80907
Purpose ,[object Object]
How to effectively MARKET your business
How to BRAND your business
How to find VALUE in advertising
The NEXT STEP,[object Object]
The practice of encouraging consumers to buy products.,[object Object]
What is Marketing? NOW
WHAT IS MARKETING? NOW
What is Marketing?
What is Marketing?
What is Marketing?
What is Marketing?
What is Marketing?
What is Marketing?
What is Marketing?
What is Marketing? ,[object Object],[object Object],[object Object],[object Object]
Don't be surprised if both your sales and your profit margin go up. ,[object Object]
Don't risk losing them by including "which one" decisions.
The more options you offer, the more likely some customers will procrastinate and never make the decision ...causing you to lose a sale needlessly. ,[object Object]
For example, "Enjoy all of this for less than ¢.90  a day" (for something priced at $325 a year).
Who would benefit from this?,[object Object]
It prevents customers from developing any last minute hesitation ...and changing their minds about buying. ,[object Object]
Postcards are inexpensive and easy to use.
Most recipients who ignore other types of advertising will read a brief ad when it's delivered to them on a postcard.
It makes the consumer touch your ad directly out of the mailbox (no choice). ,[object Object]
Don't just answer their question. Include a reasonfor them to buy as part of your answer.
Then ask for the sale ...or tell them exactly what to do to place their order. ,[object Object]
Testimonials provide evidence that your product or service delivers the results you promise.
For maximum impact, use only testimonials that describe specific results the customer enjoyed. ,[object Object]
Many visitors arrive at a web page then immediately click away ...unless something instantly catches their attention. ,[object Object]
Allocate 80 % of your advertising budget to proven promotions.
Use the other 20 % for testing new variations.
Most businesses using this system continue growing - even in highly competitive markets. ,[object Object]
How to Brand Your Business ,[object Object]
It doesn’t matter if you spent thousands of dollars on a logo and marketing materials or took ten minutes to slap a piece of clipart on a business card, your business still has an image.,[object Object]
Strive to preserve your relationship with them instead of your immediate profit from the transaction.
They will reward you with repeat sales and referrals ..instead of punishing you by telling everybody they know about their unhappy experience and causing you to lose future customers. ,[object Object]
It’s also part of how you brand your business.
Image and brand building is important so that people think about your business when they need your products or services.,[object Object]
Your logo represents your business and it helps sell  your business.
It turns the name of your company into a visual, tells what you sell, and reinforces your company name and product.
Put your logo to work.,[object Object]
HOW TO BRAND YOUR BUSINESS ,[object Object]
What is a brand anyway?
Why can Starbucks get more money for a cup of coffee rather than the local mini-mart?,[object Object]
Simply put, brand equity is the set of assets (or liabilities) associated with brands that contribute to the value consumers place on the brand experience.
In other words, a well-established brand makes your product or service worth more.  It’s that simple!,[object Object]
Consumers come to believe in a product’s quality, reliability, results and status because they see repeated assurances that the product delivers those attributes.
When consumers are motivated by a product’s brand attributes, they choose that product over similar ones in the marketplace.
Why buy NIKE as opposed to just sneakers? A BMW rather than a SUZUKI?,[object Object]
Brands are created over time.
When Betsy Ross brought Ben Franklin her first flag design, Ben remarked, “I don’t know, Betsy, all those stars and all those stripes just don’t say America to me.”
Branding takes time.,[object Object]
Before you can build your brand, you need to understand what your brand’s attributes are and what your brand’s positioning should be.
How does your brand stack up against the competition?
What are your brand’s strengths and weaknesses?,[object Object]
You will never know whether your marketing initiatives are successfully building your brand unless you have measured your competitive position.
How does your target  market  feel about your brand?
How does your brand, without advertising, measure up against your competition?,[object Object]
DEALING WITH REJECTION (Pt. 1) ,[object Object]
“Yeah, I know,” whispered the little voice inside me, “I see it not work every day.”

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